The Enterprise-wise Risk Management Of Property And Casualty Insurance Company Based On Multi-objective Programming

Over the past two decades, the world economic integration and globalization promote the rapid development of the international financial markets, risk management facing new challenges.Insurance companies, while other individuals and institutions a security risk, but also deal with the risk of their own business. Relative to life insurance companies, property insurance companies a broader subject matter insured, liquidity, facing greater risk. At present, the international insurance industry is actively implementing a comprehensive risk management, and has made reference to the value of practical experience. China’s property insurance company risk management system and technology there are many deficiencies yet to be refined and improved. In-depth study is necessary on our property and casualty insurance company risk management, establishment of a comprehensive risk assessment model to develop targeted management approach to improve the ability of property insurance companies. risk management, and promote the steady development of China’s property insurance market.The main work of this paper is as follows.First, review the literature and results of the previous risk management theory, pointed out some practical problems in the property insurance companies to implement a comprehensive risk management, and thus shows that our property insurance companies need to implement a comprehensive risk management. Comprehensive risk management theory through the analysis of property and casualty insurance company risk management objectives and features, and built the core of our property and casualty insurance company risk management objectives and constraints, analysis of the security objectives in the property insurance companies, risk management, profitability trade-offs between the goals and stability goals.Secondly, the Chinese people and property insurance company, for example, property insurance companies, risk assessment studies. LINGO software-based multi-objective programming model, and discuss risk management objectives of the Insurance companies, drawn Insurance companies should first consider the security objectives, and then is to balance profitability goals and stability goals. Variation of the volume and proportion of investment assets and the underwriting business, given some experience in the evaluation of a comprehensive risk management practices, and simulation of investment assets and the underwriting portfolio has also passed the test of solvency, and reflect the model practicality.